July 28, 2022
Africa: African Development Bank and African Guarantee Fund Sign $110 Million Agreement With Tanzania's Crdb Bank to Boost Access to Finance By Women's SMEs
The African Development Bank today signed a $60 million financial package comprising $50 million subordinated debt to support CRDB Bank's regional expansion efforts and a senior… Read more »
Africa: Dramane Diallo - Water, Peace, and Farms
Fifty-four-year-old Dramane Diallo has been a farmer since he was a young boy, a profession he learned at an early age from his parents. For the Diallo family, agriculture is a… Read more »
July 27, 2022
Egypt: African Development Bank Adopts New Country Strategy Paper for Egypt Covering 2022-2026
The African Development Bank Group's Board of Directors has approved Egypt's Country Strategy Paper for the 2022-2026 period. Read more »
Africa: USTDA and AIF Showcase Women As Investment Champions
The U.S. Trade and Development Agency (USTDA) and African Development Bank's Africa Investment Forum (AIF) co-hosted a forum of 40 women leaders who are delivering high-quality… Read more »
Zambia: Zambia - African Development Fund Approves $14.4 Million Loan to Boost Food Security in Regional Breadbasket
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a $14.4 million loan to enhance food security in… Read more »
Ethiopia: Ethiopia - African Development Fund Approves $4.3 Million Grant to Fund Capacity Building, Boost Economic Resilience
The Board of Directors of the African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia's finance ministry and related government… Read more »
July 26, 2022
Africa: African Development Bank, African Continental Free Trade Area Secretariat, Sign $11 Million Institutional Support Grant Agreement
The African Development Bank Group and the Secretariat of the African Continental Free Trade Area (AfCFTA) have signed a Protocol of Agreement for an $11.24 million support package… Read more »
Sierra Leone: Sierra Leone - African Development Fund Approves $2 Million Grant to Boost Food Production
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a grant of $2 million to boost food production… Read more »
East Africa: Nepad-Infrastructure Project Preparation Facility and Comesa Secretariat Launch Market Analysis for the Africa Cloud Ecosystem Project
The Secretariat for the Common Market for Eastern and Southern Africa (COMESA) and the African Development Bank have launched phase one of the Africa Cloud Ecosystem Project, to be… Read more »
Africa: African Economic Outlook 2022 - African Development Bank and IMF Experts Underscore the Urgency of Climate Financing for Africa
African Development Bank and International Monetary Fund (IMF) experts have stressed the urgency of mobilizing climate financing for Africa during a panel discussion on the African… Read more »
Mozambique: Mozambique - African Development Fund Approves Additional $5.6 Million Grant Funding to Bolster Food Security and Resilience
The Board of Directors of the African Development Fund has approved a $5.6 million grant in additional funding for Mozambique's Post Cyclone Idai and Kenneth Emergency Recovery and… Read more »
July 25, 2022
Africa: African Development Bank, African Organisation of English-Speaking Supreme Audit Institutions, Launch $8 Million Project to Promote Transparency and Accountability
The African Development Bank and the African Organisation of English-speaking Supreme Audit Institutions (AFROSAI-E) have officially launched a three-year support project to… Read more »
Africa: Tenin Traoré - the "Working Housewife" Who Has Seen Her Life Change Thanks to the New Market
Every day, in Baguinéda, a small rural town in Kati Circle in the Koulikoro region of southern Mali, Tenin Traoré sells her biscuits on a sidewalk corner.… Read more »
Africa: Rethink Development Climate Finance to Get to Net Zero, African Development Bank DG Says At Opec Fund Development Forum
Creating fiscal space for development finance and stepping up regional infrastructure projects will be vital to Africa's road to achieving net zero, African Development Bank… Read more »
Cameroon: 'We've Forgotten About the Rain.' Water Management Project Brings Relief From Flooding in Yaounde, Cameroon's Capital
Florence Latila remembers the destruction that flooding caused in Yaounde, the Cameroonian capital for over three decades from 1980. Read more »
July 22, 2022
Gambia: The Gambia - African Development Fund Approves Additional $3.5 Million Financing for Rice Value Chain Transformation Program
The Board of Directors of the African Development Bank Group has approved a grant of $3.5 million from the African Development Fund's Transition Support Facility as additional… Read more »
Angola: Angola - African Development Bank EDs Visit Highlights Country's Progress in Stabilising Public Finances, Stimulating Economic Diversification
The African Development Bank's Executive Director for Angola, Namibia, Zimbabwe and Mozambique has ended an official visit to Angola, noting progress in the oil-rich nation's… Read more »
Morocco: African Development Bank Group President Strengthens Partnership With Morocco
Urges US business community to invest in Africa Read more »
Africa: With a Sevenfold Budget Increase, the Urban and Municipal Development Fund Spearheads Action for African Cities
On Thursday 7 and Friday 8 July 2022, partners and donors of the African Development Bank's Urban and Municipal Development Fund (UMDF) met in Brussels at a meeting hosted by the… Read more »
Africa: African Development Bank Approves Risk Participation Agreement With Crédit Agricole Cib to Stimulate Intra-African Trade
The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank. Read more »
Gambia: The Gambia - African Development Fund Approves Additional $3.3 Million Financing for Rice Value Chain Transformation Program
The Board of Directors of the African Development Bank Group has approved a grant of $3.5 million from the African Development Fund's Transition Support Facility as additional… Read more »
July 21, 2022
Africa: Invest in Africa, African Development Bank Chief Urges Investors At U.S.-Africa Business Summit
The President of the African Development Bank Group Dr. Akinwumi Adesina has given strong assurance to U.S. investors that Africa is a secure, competitive and profitable market for… Read more »
July 20, 2022
Africa: Africa50 General Shareholders Meeting in Morocco Call for Global Investments in African Infrastructure
African Development Bank Group President and Chairman of the Africa50 Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help… Read more »
Somalia: Somalia - African Development Fund Approves $5.4 Million Grant to Build Food Security, As Millions Face Crisis
The Board of Directors of the African Development Fund has approved a $5.4 million grant to support the building of urgently needed food security in Somalia. Read more »
Sierra Leone: In Sierra Leone, Improved Access to Safe Drinking Water for More Than 700,000 People in Rural Areas, Thanks to the African Development Bank
Implemented in Sierra Leone between 2013 and 2021, the Rural Water Supply and Sanitation Project has increased access to safe drinking water by 13% and to safe basic sanitation by… Read more »
